3. What are the benefits for the business analysts in adopting this technique?write short answers
1. Improved decision-making: By using the SWOT analysis technique, business analysts can evaluate the internal strengths and weaknesses of a business, as well as the external opportunities and threats, helping them make more informed decisions.
2. Strategic planning: SWOT analysis helps business analysts identify key areas for growth and improvement, allowing them to develop strategic plans to achieve company objectives.
3. Risk mitigation: By identifying potential threats and weaknesses through SWOT analysis, business analysts can proactively address risks and develop mitigation strategies to protect the business.
4. Stakeholder alignment: SWOT analysis allows business analysts to align stakeholders on key priorities and goals by providing a clear understanding of the internal and external factors impacting the business.